Every Bubble Is In Search Of A Pin

Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within the Everything Bubble are starting to burst. The cartel (especially the ECB and the Fed) is hoping it can gently deflate these bubbles it created,…

Cue The Bad

When the FOMC published the minutes for their November policy meeting, they included an unusually lengthy discussion about federal funds (effective) and IOER. I have no doubt that policymakers would rather have skipped the topic altogether. Demonstrating how little they actually control matters, the plight of EFF has forced them into an almost detailed digression.…

Dollar: Range-Bound Or Trending?

The US dollar had a good week, appreciating against all the major currencies but the Swiss franc, and most emerging market currencies, with a couple of notable exceptions, including the Turkish lira and the South African rand. However, the dollar’s gains seemed to be more a function of negative developments abroad rather than positive developments…

Fed And Italy Lift Dollar Tone

Overview: We had anticipated that the dollar’s downside correction against the European currencies was over or nearly so and looked for the dollar to find better traction. The Dollar Index held above the previous week’s low. The euro’s high for the week was recorded on Monday near $1.1815. With the weight of Brexit, sterling was…

Gains Ahead Of The Weekend Lift Dollar’s Technical Tone

The US dollar rose against the major currencies last week. The sole exception was the Swedish krona. More than a third of its 1.15% weekly advance was recorded ahead of the weekend in what appeared to be position-squaring ahead of the September 9 election. The Dollar Index rose 0.25% last week, owing to the pre-weekend…

Peter Schiff: Traders Are Beginning To See The Writing On The Wall

By SchiffGold The US stock markets had another big day Wednesday with a number of indexes, including the Nasdaq and the S&P 500, in record territory. So, what’s with the recent move up in US stock markets? Donald Trump and a lot of Republicans have been taking credit for it, saying their economic policies are…

The Dollar Drift

By Stephen Innes Capital markets continue to digest various narratives getting pushed in many directions, but continue to position on a very short horizon given absolute uncertainties, while US equity markets continue to print fresh record highs to start the week, this despite US 10-year yields firming several pips higher overnight. S&P 500 breaking 2900…